Landlord rent ‘set to increase’

Landlord rent in the UK is set to "rise considerably"alongside an expected increase in the ratio of prospective tenants to the number of rental properties occurs, it has been suggested.

Keshav Thukaram, managing director of buy-to-let products and services website Smartlandlord.co.uk, said that this is good news for those who work in the private rented sector.

Commenting more generally, Mr Thukaram remarked: "The private rented sector has a major role to play in pulling the housing market out of the current slump and in housing people in years to come."

He also indicated that tenant reference checks and rent guarantee insurance are still vital for landlords if they are to protect their income, especially with unemployment on the rise and the prospect of tenants being unable to pay what they owe.

Indeed, official figures released this month noted that unemployment in the UK has surpassed 2.4 million.